Crown Crafts, Inc. (NASDAQ:CRWS) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 12-month consensus price target of $8.00 for the company and are predicting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also assigned Crown Crafts an industry rank of 74 out of 265 based on the ratings given to its competitors.
Several research firms have weighed in on CRWS. Roth Capital set a $9.00 target price on Crown Crafts and gave the company a “buy” rating in a report on Saturday. Zacks Investment Research lowered Crown Crafts from a “hold” rating to a “sell” rating in a report on Friday.
Shares of Crown Crafts (NASDAQ CRWS) traded down 4.96% during midday trading on Thursday, reaching $6.70. The company’s stock had a trading volume of 28,173 shares. Crown Crafts has a 52 week low of $6.65 and a 52 week high of $10.24. The stock has a market capitalization of $67.38 million, a PE ratio of 12.18 and a beta of 0.51. The stock has a 50-day moving average price of $7.64 and a 200 day moving average price of $7.74.
Crown Crafts (NASDAQ:CRWS) last posted its earnings results on Wednesday, June 14th. The textile maker reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Crown Crafts had a net margin of 8.45% and a return on equity of 14.07%. The company had revenue of $17.31 million for the quarter, compared to the consensus estimate of $20.89 million. Equities analysts forecast that Crown Crafts will post $0.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Shareholders of record on Friday, June 16th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.32 annualized dividend and a yield of 4.78%. Crown Crafts’s dividend payout ratio (DPR) is currently 57.14%.
A number of institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its position in Crown Crafts by 143.8% in the first quarter. Morgan Stanley now owns 18,445 shares of the textile maker’s stock valued at $152,000 after buying an additional 10,879 shares during the period. Goldman Sachs Group Inc. bought a new position in Crown Crafts during the first quarter valued at $154,000. JPMorgan Chase & Co. raised its position in Crown Crafts by 3,825.5% in the first quarter. JPMorgan Chase & Co. now owns 23,553 shares of the textile maker’s stock valued at $194,000 after buying an additional 22,953 shares during the period. Nationwide Fund Advisors bought a new position in Crown Crafts during the first quarter valued at $270,000. Finally, LSV Asset Management raised its position in Crown Crafts by 4.4% in the first quarter. LSV Asset Management now owns 47,100 shares of the textile maker’s stock valued at $388,000 after buying an additional 1,978 shares during the period. Institutional investors own 41.54% of the company’s stock.
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Crown Crafts Company Profile
Crown Crafts, Inc operates indirectly through its subsidiaries, Crown Crafts Infant Products, Inc and Hamco, Inc, in the infant and toddler products segment within the consumer products industry. The Company operates though the segment of infant and toddler products. These products consist of infant and toddler bedding, bibs, soft bath products, disposable products and accessories.
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